During the last three months, 8 analysts shared their evaluations of TD Synnex SNX, revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 4 | 0 | 0 |
Analysts have recently evaluated TD Synnex and provided 12-month price targets. The average target is $128.5, accompanied by a high estimate of $145.00 and a low estimate of $113.00. This current average reflects an increase of 11.86% from the previous average price target of $114.88.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive TD Synnex. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ashish Sabadra | RBC Capital | Raises | Sector Perform | $135.00 | $118.00 |
| David Vogt | UBS | Raises | Buy | $145.00 | $115.00 |
| Ruplu Bhattacharya | B of A Securities | Raises | Buy | $135.00 | $120.00 |
| Joseph Cardoso | JP Morgan | Raises | Neutral | $126.00 | $113.00 |
| Vincent Colicchio | Barrington Research | Maintains | Outperform | $138.00 | $122.00 |
| Ashish Sabadra | RBC Capital | Raises | Sector Perform | $118.00 | $110.00 |
| Tim Long | Barclays | Raises | Equal-Weight | $118.00 | $111.00 |
| Shreya Gheewala | CFRA | Raises | Hold | $113.00 | $110.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to TD Synnex. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of TD Synnex compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of TD Synnex's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of TD Synnex's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on TD Synnex analyst ratings.
All You Need to Know About TD Synnex
TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
TD Synnex's Economic Impact: An Analysis
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: TD Synnex's revenue growth over a period of 3 months has faced challenges. As of 29 February, 2024, the company experienced a revenue decline of approximately -7.6%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: TD Synnex's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.22%, the company may face hurdles in effective cost management.
Return on Equity (ROE): TD Synnex's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.1%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): TD Synnex's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.6%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.49, TD Synnex adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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